The region of Latin America and the Caribbean is already a global low-carbon leader in terms of power generation from hydrological and biomass resources, and it recently has made great strides in developing its other renewable energy sources. Declining costs, maturing technologies, and vast untapped potentials for renewables offer an unprecedented opportunity for further development of the renewable energy market in the region. Continuing to invest in renewables will provide Latin America and the Caribbean with the opportunity to address key economic, social, and environmental challenges in the energy sector.